1 Level
6 Review
3 Karma
Review on Aeternity by Anna Johnson
Aeternity is quite far along on their development roadmap. They have launched…
Aeternity is quite far along on their development roadmap. They have launched on their testnet and completed the backing campaign as well as started development of several essential applications. Prior versions of their roadmap had them completing their security audit by Q1 2018, but this seems to have been pushed back to Q2. The much more important next step will be the release of the mainnet in Q2 as well.One thing that we did find refreshing was the continually updated Aeternity blog pages. All development updates are being well communicated to the community through a number of different channels. You can track the work being completed on by the developers by taking a gander at the project’s Github.
Pros
- This combines scalable memory requirements with instant verifiability. This will incentivise devices with dynamic ram such as mobile devices. This means that participants do not need powerful mining rigs to take part in the Aeternity mining process. Then, when it comes to governance and development decisions, Aeternity will use a delegated proof of stake (dPoS) voting mechanism. The votes will be weighted according to how much AE tokens the participants hold.
Cons
- There are a number of exchanges where you can buy AE tokens. These include Bittrex, Binance and HitBtc. Once you have your AE token, given that it is an ERC20 standard, you can store it in any Ethereum wallet. Of course, they will announce measures you should take when they move away from the ERC20 standard.
